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NAM.V ·

New Age Metals Announces Issuance of Shares FOR Services

Share Capital & Compensation

New Age Metals Inc. New Age Metals Inc. TSXV: NAM / OTCQB NMTLF

Registered Office Field Office [email protected]

101-2148 W 38th Avenue 59 Burtch's Lane www.newagemetals.com

Vancouver, BC V6M 1R9 Rockport, ON K0E 1V0

+1.604.685.1870 +1.613.659.2773

Page1

NEW AGE METALS

ANNOUNCES ISSUANCE OF SHARES FOR SERVICES

July 6, 2026 – Vancouver, British Columbia – New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF

| FSE: P7J) (“NAM” or the “Company”) , announces the following share issuance pursuant to the

Strategic Planning services agreement and amending agreement (the “ Agreement”) with an arms

length service provider as previously announced April 24, 2026.

Pursuant to the terms of the Agreement, the consultant provided services for the period ending June

30, 202 6, in exchange for an aggregate of $5, 500 payable in common shares in the capital of the

Company. For the period ended June 30 , 202 6, the Company has issued an aggregate of 21, 154

common shares in the capital of the Company (the “Shares”) at a deemed price of $0.26 per Share as

compensation for services rendered.

The Shares are subject to a four month plus one day hold period in accordance with applicable

securities laws and policies of the TSX Venture Exchange. The issuance of the Shares does not

constitute a related party transaction or result in the creation of a new control person or insider of

the Company.

The Company will issue a n additional news release disclosing the number of common shares to be

issued in exchange for the services rendered upon the next issuance . This news release is being

issued in accordance with section 6.2(m)(i) of TSX Venture Exchange Policy 4.4.

About NAM

New Age Metals is a junior mineral exploration and development company focused on the discovery,

exploration, and development of critical green metal projects in North America. The Company has

three divisions: a Platinum Group Element division, a Lithium/R are Metals division, an Antimony -

Gold Division as well as an investment in MetalQuest Mining’s (TSXV:MQM | OTC:MQMIF) high purity

Lac Otelnuk Iron Project.

The PGM Division includes the 100% owned, multi -million-ounce, district-scale River Valley

Project, one of North America’s largest undeveloped Platinum Group Element Projects,

situated 100 km by road east of Sudbury, Ontario. In addition to River Valley, NAM owns 100% of

the Genesis PGM -Cu-Ni Project in Alaska. Most recent PGM announcement:

https://newagemetals.com/new-age-metals-prepares-its-platinum-group-metals-division-to-

launch/.

On January 21 st 2026, the Company recently expanded its Platinum Group Metals portfolio through

the acquisition of the Northern Shield PGM Project in Ontario’s Ring of Fire region, strengthening its

exposure to district -scale mafic –ultramafic systems prospective for nick el, copper, and platinum

group elements.

New Age Metals Inc. New Age Metals Inc. TSXV: NAM / OTCQB NMTLF

Registered Office Field Office [email protected]

101-2148 W 38th Avenue 59 Burtch's Lane www.newagemetals.com

Vancouver, BC V6M 1R9 Rockport, ON K0E 1V0

+1.604.685.1870 +1.613.659.2773

Page2

On February 26, 2026, the Company also acquired the Platreef PGM and Escape East PGM Projects,

both platinum group metals –nickel–copper (PGM –Ni–Cu) exploration properties located in

northwestern Ontario within and nearby the prospective Lac des Iles Igneous Complex. The Complex

hosts Canada’s only primary palladium-producing operation, owned and operated by Impala Canada

Ltd., a wholly owned subsidiary of Impala Platinum Holdings Limited.

New Age Metals’ Antimony–Gold division is located in Newfoundland and comprises a 20,950-

hectare land package across 11 non -contiguous properties. Six of these properties are situated

in the St. Alban’s area, along Canstar’s Swanger and Little River mineralized trends. The remaining

five properties are strategically positioned along the same regional geological trend as the past -

producing Beaver Bro ok Antimony Mine and are also located near New Found Gold’s Queensway

South Gold Project.

Management completed two phases on the project to date. The Phase 2 program successfully

delineated multiple gold–antimony (Au–Sb) trends, and the Company is currently planning follow-up

exploration while awaiting additional assay results. These results were used to guide exploration

targeting and program planning for 2026. Most recent releases: https://newagemetals.com/axiom-

exploration-group-initiates-xcite-helicopter-borne-tdem-survey-over-nams-sentinel-antimony-

property-newfoundland-nam-monitors-fintech-solutions-to-enhance-market-transparency/

https://newagemetals.com/new-age-metals-samples-high-grade-antimony-gold-silver-and-lead-at-

st-albans-newfoundland-and-starts-phase-2-exploration/

The Bonanza Ridge Gold and Critical Metals Project has been significantly expanded with the

option agreements for the Lavender Lake and South Gibi Lake properties, adding a combined

~5,216 hectares (~12,889 acres) of prospective ground in the Kenora Gold District of northwestern

Ontario. These properties, located about 25 km southeast of Kenora, are strategically positioned

along a favourable structural corridor adjacent to NAM’s flagship Bonanza Gold Property, and host

known gold and copper occurrences with minim al modern exploration to date. The consolidated

portfolio now comprises approximately 8,500 hectares of contiguous land within an emerging gold

and critical metals jurisdiction, providing substantial opportunities for follow -up field work,

structural modeling, target generation, and future drill campaigns. Recent announcement:

https://newagemetals.com/new-age-metals-expands-bonanza-ridge-gold-andcritical-metals-

project-strategic-acquisition-oflavender-lake-south-gibi-lake-properties/.

The Company has established a field office in Kenora, Ontario to support exploration activities

across Northwestern Ontario and Eastern Manitoba. The facility provides centralized logistical,

technical, and administrative support (along with living facilities) for regional exploration programs

and has improved field efficiency and project coordination.

The Company’s Lithium Division is one of the largest mineral claim holders in the Winnipeg River

Pegmatite Field, where the Company is exploring hard rock lithium and various rare elements such

as tantalum, rubidium, and cesium. NAM is developing its lithium division where a previous

New Age Metals Inc. New Age Metals Inc. TSXV: NAM / OTCQB NMTLF

Registered Office Field Office [email protected]

101-2148 W 38th Avenue 59 Burtch's Lane www.newagemetals.com

Vancouver, BC V6M 1R9 Rockport, ON K0E 1V0

+1.604.685.1870 +1.613.659.2773

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option arrangement facilitated approximately ~11.5m in exploration and development

expenditures. See press release here.

On August 6, 2025, New Age Metals announced an additional investment in a 4th critical metal.

NAM currently owns approximately 14.39% of MetalQuest Mining (TSXV: MQM), which has

ownership of the development -stage Lac Otelnuk Iron Project, located in the Labrador Trough,

Quebec.

MetalQuest Mining Inc. is developing one of North Americas largest iron projects, where

approximately $120 million has been spent on the project. For more information, please visit

MetalQuestMining.com . High-purity iron became a critical metal Federally in Canada and in

the Provinces of Quebec and Newfoundland and Labrador in 2024. In the summer of 2025,

MQM contracted AtkinsRealis, an international engineering company, to complete a GAP

Analysis on th e Lac Otelnuk Project. Management is currently working with AtkinsRealis to

complete a round of metallurgy after completing a successful project visit on June 6 2026.

MetalQuest Mining Inc. (“MQM”) has expanded its presence in the Ontario Ring of Fire through

the acquisition of both the ROF -1 Project and the recently announced Fishhook Polymetallic

Project. The Fishhook Project further strengthens MetalQuest’s regional footprint, targeting

polymetallic mineralization prospective for base and critical metals. Management working with its

technical team plans to complete a geophysical program before the end of September 2026 on the

Fishhook project. Further announcements will be forthcoming.

Management is currently aggressively seeking new mineral acquisition opportunities on an

international scale. Our philosophy is to be a project generator with the objective of optioning our

projects with major and junior mining companies through to production.

Investors are invited to visit the New Age Metals website at www.newagemetals.com where they can

review the Company and its corporate activities. Any questions or comments can be directed to

[email protected] or Harry Barr at [email protected] or Farid Mammadov at

[email protected] or call 613 659 2773.

Opt in List

If you have not done so already, we encourage you to sign up on our website

(www.newagemetals.com) to receive our updated news.

On behalf of the Board of Directors

Harry G. Barr

Chairman and CEO

New Age Metals Inc. New Age Metals Inc. TSXV: NAM / OTCQB NMTLF

Registered Office Field Office [email protected]

101-2148 W 38th Avenue 59 Burtch's Lane www.newagemetals.com

Vancouver, BC V6M 1R9 Rockport, ON K0E 1V0

+1.604.685.1870 +1.613.659.2773

Page4

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward -looking statements that

involve risks and uncertainties. These statements may differ materially from actual future events or results and are

based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-

looking statements. In addition, forward -looking statements include statements in which the Company uses words

such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”,

“estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their

nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important

factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make

available adequate current public information, additional or different regulatory and legal requirements and

restrictions that may be imposed, and other facto rs as may be discussed in the documents filed by the Company on

SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual

results to differ from those contained in the forward -looking statements. The Company does not undertake any

obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-

looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated

events. Investors should not place undue reliance on forward-looking statements.